CSR Policy LO2

Question 1

Give Intro For:

Question 8: What is the purpose of a CSR policy? What elements should it contain and how can a buyer evaluate a potential
suppliers CSR policy? (25 points)

*CSR = Corporate Social Responsibility

Answer 1

-CSR policy = Compa`s formal Commitment - To conduct business in socially responsible
- + Sust. manner.

Question 2

What is the purpose of a CSR policy?

Answer 2

• Outline Org`s dedication to:
• Ethical practices, Environ. stewardship +
• Social contributions
• Shows company’s commitment >than
• Gen. Profit, by…
• Active engagement in initiatives
• That benefits society + Environ.

Question 3

List 7 Elements of CSR Policy

Answer 3

1. Ethical Business Practices
2. Environmental Sustainability
3. Social Responsibility
4. Labor Practices
5. SC Responsibility:
6. Transparency and Accountability:
7. Stakeholder Engagement:

Question 4

Elements of a CSR Policy

• Ethical Business Practises

Answer 4

1. Ethical Business Practices:

· Clear joints & alignment on principles via:
- Fair business dealings,
- anti-corruption measures +
- Adhere to ethical Stands. in all Ops.

Question 5

Elements of a CSR Policy

• Environmental Sus

Answer 5

2. Environmental Sustainability

· ↓ Environ. impact Commitments via:
- Sust. practices, energy Effi. + ↓waste
- Responsible in Mat. sourcing

Question 6

Elements of a CSR Policy

*Social Responsibility

Answer 6

3. Social Responsibility:

· Contribute/Support +vely to community,
- Inc. education + healthcare + poverty

Question 7

Elements of a CSR Policy

*Labor Practices

Answer 7

4. Labor Practices:

· Fair and ethical employees treatment
- Inc. non-discrimination + fair wages
- safe working conditions +
- Respect for workers’ Rs

Question 8

Elements of a CSR Policy

• Supply Chain Responsibility

Answer 8

5. Supply Chain Responsibility:

· Comi`ent for supp. + partners
- Adhere to ethical + CSR standards
- By promoting responsible practices
- Entire SC

Question 9

Elements of a CSR Policy

• Transparency and Accountability

Answer 9

6. Transparency and Accountability:

· Open disclosure of CSR initiatives +
- Perf. + impacts
- Shows Comi`ent to transparency +
- Accountable for CSR goals.

Question 10

Elements of a CSR Policy

• Stakeholder Engagement

Answer 10

7. Stakeholder Engagement:

· Pledge to engage with + consider SHolders interests
- E.g. *List SHolders - employees….
- In dec-ma processes.

Question 11

List 7 Evaluating of Supp.`s CSR Policy

Answer 11

1. Policy Content
2. Alignment with Industry Stands.
3. Performance Metrics
4. Stakeholder Engagement
5. SC Responsibility
6. Transparency and Reporting
7. Continuous Improvement

Question 12

Why Eval. Supp. CSR Policy?

Answer 12

Eval. ensures ethical + responsible business practices alignment

Question 13

Evaluating a Supplier’s CSR Policy

• Policy Content

Answer 13

1. Policy Content:

· CSR policy content review ensures it inc.
- Social + Environ. + ethical aspects (SEE)
- Shows holistic CSR practices commitment

Question 14

Evaluating a Supplier’s CSR Policy

*Alignment with Industry Stands.

Answer 14

2. Alignment with Industry Stands.:

· Check CSR policy aligns with best practices
- + Industry-specific stands
- Recog. + Adhere to ISO 26000 Stand.
- AKA: Global Reporting Initiative (GRI)
- Shows commitment to global CSR norms.

Question 15

Evaluating a Supplier’s CSR Policy

*Performance Metrics

Answer 15

3. Performance Metrics:

· Evaluate if supp. inc. in their CSR policy:
- measurable perf. metrics

• E.g. Clear objectives + (KPIs)
• Shows commitment to:
• Continual improvement + accountability

Question 16

Evaluating a Supplier’s CSR Policy

*Stakeholder Engagement

Answer 16

4. Stakeholder Engagement:

· Assess supp.`s SHolders engagement with - CSR policy should inc. SHolders in dec-ma
- Processes + understand their concerns

Question 17

Evaluating a Supplier’s CSR Policy

*SC Responsibility

Answer 17

5. SC Responsibility:

· Check if Supp. <-E-> CSR principles to its SC - Ensure supp. + partners
- Adhere to SEE Stands.
- Contribute to responsible and sust. SC

Question 18

Evaluating a Supplier’s CSR Policy

• Transparency and Reporting

Answer 18

6. Transparency and Reporting:

· Look for transparency in reporting

• Supp. that openly communicate its
• CSR initives, achievents, + challenges
• Show accountability + transparency commitment

Question 19

Evaluating a Supplier’s CSR Policy

• Continuous Improvement (CI)

Answer 19

7. Continuous Improvement:

· Eval. if Supp. show comit`ent to CI
- In CSR policy
- Shows dynamic approach to address Challenges
- To be ahead of evolving CSR expectations

Question 20

Give Conclusion for:

CSR Policy

Answer 20

• Thorough examining these aspects,
• Buyer has insights into supp.’s comit`ent
• To CSR + make decisions aligned
• With their own CSR objectives and values